Ottawa estimates the cost of OAS will rise from $36 billion in 2010 to $108 billion in 2030, while the number of taxpayers for every senior declines from four-to-one to two-to-one
Maple Group, the consortium of 13 financial institutions looking to take control of the owner of the Toronto Stock Exchange, is extending its takeover offer by about a month
One-third of Canadian households hold three-quarters of the debt, finds CIBC World Markets report
“Nearly half (48%) of the 1,258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months.” PwC Annual Global CEO Survey
Sixty-eight percent of SME employers who do not currently offer a retirement plan of any kind are interested in providing PRPPs
Canada’s economic performance looks different when population growth is factored out
Words like “intimidating,” “pre-judged”, “guilty” and “witch-hunt” characterize many of the contacts businesses said they have had have with officials of the Canada Revenue Agency
Online budget simulator website lets B.C. residents attempt to balance province’s budget
Canada slipped almost a full point to sixth place. The Heritage Foundation said Canada fell out of the group of “free” economies and into the “mostly free” category
Though they are fast approaching their own retirement, just 23 percent of Canadian Baby Boomers say they have a clear picture of their retirement and what they want to do
“Canada’s prairie cities will reap the benefits of this global demand for commodities,” says Conference Board of Canada
The influx of multi-unit builds has led some economists to warn of overbuilding in the Canadian housing market, which could leave a glut of unsold homes on the market in the case of a downturn
In Canada, only about four in 10 workers have defined benefit plans, which seek to guarantee a set amount of income on retirement. Many companies have switched to defined contribution plans in which the eventual payout is determined by the investment performance
“Since taking office, this government has taken steps to clarify the separation of banking and insurance activities,” said Finance Minister Jim Flaherty. “This will ensure the business of insurance continues to be subject to the appropriate rules and regulations.”
The Bank of Canada is warning of a global epidemic of contagion spreading from Europe, saying Canada’s economy and financial systems are already being impacted and risks of further damage are elevated
Conference Board of Canada says six cities have the economic market conditions to make a CFL team potentially viable
According to PayPal Canada, 52 percent of Canadians are now aware of Cyber Monday – up 24 percent from 2010
Finance Minister Jim Flaherty has introduced the Financial System Review Act, aimed at ensuring Canada’s financial system remains strong and secure
While cash is still king for most charitable donations, many Canadians are giving stock, art, land, life insurance and other assets
